Eitzen Chemical

Revival for Eitzen

Eitzen Chemical has reported EBITDA of $10.5m for the first quarter, more than double the figure achieved in the previous period.

Eitzen struggles on

Eitzen Chemical ASA has reported EBITDA of $33.5m for the full year 2012, an improvement on the $25.6m posted in 2011.

On the mend?

MARKETS This time last year it was all doom and gloom for chemical tanker operators. This year it’s still doom and gloom, just less of it, although there is still some concern at the pace at which costs are rising

Port sunset

Tale of two tankers

SHORTSEA Buffeted by economic winds and demand shifts, Europe’s chemical and gas tanker operators have had quite a time of it lately. The LPG tanker business is emerging more rapidly and in better shape than its chemical tanker counterpart

Tanker Sichem Palace

Jason facing the end

Jason Shipping has reported a net loss of $3.8m for the first quarter, an improvement on the loss of $6.8m posted for the final period of 2011.

Breakeven or bust

FLEETS As bunker price hikes, bankruptcy and buy-outs beset the chemical tanker market, operators are finding it tough. Some have already given it up as a bad job

Chemical tanker Clipper Saga

Eitzen Chemical still losing cash

Eitzen Chemical reports a net loss of $154.0m for 2011, worse than the $113.8m recorded a year earlier.

Eitzen becomes Jason

At an extraordinary general meeting held this past December, shareholders in Camillo Eitzen & Co ASA approved a change in the company’s name to Jason Shipping ASA.

Scraping bottom

FLEETS A downturn in vessel demand during the global economic recession, coupled with the effects of over-tonnaging, have hurt Eitzen Chemical’s bottom line for some time. Despite efforts to improve the cash position, the company is still running at a net loss

Tanker Sichem Pearl

Eitzen pulls the plug on pools

Eitzen Chemical has decided to discontinue its participation in pool operations, as part of its strategy to improve cash flow and liquidity.

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